![]() Can ask for the production of any public record or document from any court or office.ĭ. Can summon and enforce the attendance of any witness or ask any person to deliver information or produce a document, which it deems relevant.Ĭ. Has all powers of the civil court as per the court of civil procedure, 1908.ī. The Commission has the power to determine their own procedure:Ī. ![]() Procedures and Powers of the Finance Commission: This has led to major changes in the Finance Commission’s recommendations over the years. Since, the institution of the 1st Finance Commission, stark changes have occurred in the Indian economy causing the changes in the macro economic scenario. As per the Constitution, the Commission is appointed every five years and consists of a Chairman and four other members. The Finance Commission Act of 1951 states the term of qualification, appointment and disqualification, the term, eligibility and powers of the Finance Commission. Division and distribution of income tax and other taxes. So, far 11 Finance Commissions have been appointed and the recommendations of the various commissions can be divided under three headsĪ. Any other matter concerning financial relations between the centre and the states. The principles which should govern the payment of grants in aid by the centre to the states.Ĭ. ![]() ![]() The distribution of net proceeds of taxes to be shared between the union and the states and the allocation of share of such proceeds among the states.ī. The functions of the Commission are to make recommendation to the President in respect ofĪ. Under the provisions of Article 280 of the Constitution, the President appoints a Finance Commission for the specific purpose of devolution of non-plan revenue resources. Finance Commission: Procedures and Powers of the Finance Commission, India!įinance Commission is constituted to define financial relation between the centre and the states. ![]()
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